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On Endogenous Growth with Physical and Human Capital

✍ Scribed by Jordi Caballé and Manuel S. Santos

Book ID
118147460
Publisher
University of Chicago Press
Year
1993
Tongue
English
Weight
427 KB
Volume
101
Category
Article
ISSN
0022-3808

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Equilibrium dynamics in the one-sector endogenous growth model with physical and human capital
✍ Manuel A. Gómez 📂 Article 📅 2003 🏛 Elsevier Science 🌐 English ⚖ 421 KB

This paper concerns the transitional dynamics of the one sector endogenous growth model with physical and human capital when gross investments are irreversible. It has been claimed that the transition path is on the stable saddle path of the system that describes the dynamics of the economy as long